New Delhi, May 2 -- Frontline indices-the Sensex and the Nifty 50-erased most of their gains and ended slightly higher on Friday, May 2, due to profit booking at higher levels, amid ongoing concerns over the evolving situation between India and Pakistan and the absence of fresh positive triggers.

The Sensex rose as much as 936 points to hit an intraday high of 81,177.93. However, the index finally closed just 260 points, or 0.32 per cent, higher at 80,501.99.

The Nifty 50 reclaimed 24,589.15, rising 255 points, or 1 per cent, but eventually settled with a nominal gain of 13 points, or 0.05 per cent, at 24,346.70.

The BSE Midcap and Smallcap indices, which rose up to a per cent in the morning session, ended with losses of 0.41 per cent ...